Prestige Wealth Management Group LLC Acquires 323 Shares of CBRE Group, Inc. (NYSE:CBRE)

Prestige Wealth Management Group LLC lifted its position in CBRE Group, Inc. (NYSE:CBRE) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,152 shares of the financial services provider’s stock after purchasing an additional 323 shares during the period. Prestige Wealth Management Group LLC’s holdings in CBRE Group were worth $545,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group during the fourth quarter worth about $25,000. Canton Hathaway LLC acquired a new stake in shares of CBRE Group during the third quarter worth $27,000. Denver PWM LLC acquired a new position in shares of CBRE Group in the 4th quarter valued at $29,000. Larson Financial Group LLC raised its stake in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 3.3 %

CBRE stock opened at $134.04 on Tuesday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $137.55 and a 200-day simple moving average of $131.90. The stock has a market capitalization of $40.22 billion, a P/E ratio of 42.69 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CBRE shares. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Evercore ISI reduced their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.